Market Overview: Neo/Tether 24-Hour Analysis

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 18, 2026 1:04 pm ET1min read
NEO
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Aime RobotAime Summary

- Neo/Tether (NEOUSDT) fell from $4.094 to $3.96, forming a bearish engulfing pattern near its intraday high.

- RSI approached oversold levels by close, while volume surged early before diverging during the afternoon sell-off.

- Price repeatedly tested the $4.031 Fibonacci level and Bollinger Band support, with $3.96 now critical for near-term direction.

- A break below $3.96 could target $3.90–$3.88, while a rebound to $4.02–$4.03 depends on buyer re-entry.

Summary
• Price dipped from $4.094 to $3.96, forming a bearish engulfing pattern near the day’s high.
• Momentum weakened as RSI approached oversold territory by the close, while volume surged in early hours.
• Volatility expanded through the session, with price testing lower Bollinger Band support multiple times.
• A key 38.2% Fibonacci retracement level at $4.031 offered temporary resistance during the afternoon sell-off.
• Turnover spiked above $45,000 during the early rally but diverged from price as selling pressure mounted.

Neo/Tether (NEOUSDT) opened at $4.034 on 2026-01-17 and reached a high of $4.11 before closing at $3.96 by 12:00 ET on 2026-01-18. Total 24-hour volume was approximately 244,058.40 units, with notional turnover reaching $999,643.57.

Structure and Candlestick Formations


A strong bearish engulfing pattern formed around $4.09–$4.072, suggesting a shift in momentum. Price repeatedly tested the $4.031 Fibonacci retracement level, which acted as a key psychological resistance. A long lower shadow near the 24-hour low indicated buyers attempted to defend the $3.96 area.

Moving Averages and Trend Context


On the 5-minute chart, price closed below the 20- and 50-period moving averages, reinforcing short-term bearish bias. Daily moving averages (50/100/200) were not provided but are likely in a neutral to bearish alignment given the recent pullback.

Momentum and Volatility Signals


RSI dipped into oversold territory by the close, hinting at potential near-term stabilization. Bollinger Bands widened during the session, indicating growing volatility. Price spent much of the day near the lower band, consistent with distribution and weak hands exiting. MACD remained bearish, with the histogram expanding in the negative zone.

Volume and Turnover Insights


Volume spiked sharply during the early morning rally, particularly around the 203000 ET 5-minute candle, with $45,274.24 in turnover. However, volume waned during the afternoon sell-off despite deeper price declines, suggesting weakening conviction from sellers.

Key Fibonacci Levels and Projections


The 61.8% retracement level of the morning rally sits near $4.055. A break below the $3.96 level could see further test of the $3.90–$3.88 area as a potential target, though a rebound to $4.02–$4.03 is likely if buyers reassert control.

Price may test $4.02–$4.03 as a near-term pivot point over the next 24 hours. Traders should watch for a reversal confirmation or a break below $3.96 to confirm bearish momentum. A key risk remains in unexpected macro sentiment or exchange outflows that could distort short-term price action.